Better Growth Stock: Block vs. SoFi Technologies
One of these fintech names has a far more promising future than the other, which hitched its proverbial wagon to the wrong star.
Does your portfolio need a bit more exposure to the fintech space? There are plenty of great options out there, although payment technology platform Block (NYSE: XYZ) and online banking outfit SoFi Technologies (NASDAQ: SOFI) are a couple of investors' favorites right now. Either would likely work well enough for you.
If you've only got room for one of these holdings at this time, however, choose SoFi. Here's why.
Don't panic if you already happen to own a stake in Block. You're hardly doomed. While shares are still trading down more than 70% from their pandemic-inspired 2022 peak, analysts remain largely bullish, collectively rating the stock as a strong buy while supporting a consensus price target of $66.86 that is roughly 7% above this ticker's present price. Slow and steady long-term revenue and earnings growth are in the cards, even if that progress can run a little hot and cold.
